Quaker plant damage fuels Cedar Rapids comeback optimism
Quaker Snacks & Foods a PepsiCo subsidiary pledged commitment to Cedar Rapids after a damaging event. More than 50 workers were displaced with over half resuming life, while downtown reopening and construction provide cautious optimism for a bigger, better recovery. Some houses remain boarded up as steam lines are restored.
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Ford aims for profitability with product-led recovery
Dearborn based Ford Motor Co. emphasizes cars over trucks but uses Taurus features and a four-point plan to speed new vehicles to market. CEO Alan Mulally targets profitability or break-even in 2011, as the company trims costs and leverages global scale under a leaner structure.
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Gannett to cut 1400 jobs in months ahead
Gannett Co plans to trim 1,400 jobs, about 3 percent of its workforce, as ad revenue slump continues. Bob Dickey, head of the newspaper division, told staff in a letter that most cuts will be in by July 9, following a 10 percent reduction last year that left about 41,500 employees.
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